JohnHancock大中华投资基金战略简述
Greater China Opportunities Fund
GOAL AND STRATEGY
The fund seeks long-term capital appreciation. To pursue this
goal, the fund normally invests at least 80% of its assets in equity securities of companies located in China, Hong Kongor Taiwan (“Greater China”). These companies
(1) have securities that are traded principallyon stock exchanges in Greater Chinacountries,
(2) are organized under the laws of and conduct business in a GreaterChina country, or
(3) derive more than half of their revenues from Greater China operations.
Equity securities include common and preferred stocks and their equivalents. The fund is non-diversified and may invest more than 5% of its assets in securities of individual companies.
In managing the portfolio, the managers combine top-down sector allocation with bottom-up stock selection. The management team continually
asesses the macro environment to determine the attractiveness
of different business segments. They then use fundamental financial
analysis to identify leading companies of any size that the managers
believe offer growth potential at a reasonable price.
The management team performs periodic quantitative analysis to
monitor changes in valuation.
Decisions to buy or sell a security may be based on factors including
price-to-earnings ratio, price-to-book ratio, return on equity, price-to-earnings to growth ratio and cash flow, as well as
changes to management structure and/or the macro environment.
T
he fund may invest up to 20% of its assets in securities of companies located outside of Greater China, with an emphasis on companies that
are positioned to benefit from economic growth in Greater China.
The fund may make limited use of certain derivatives (investments
whose value isbased on securities, indexes or currencies).
In abnormal circumstances, the fund may temporarily invest
extensively in investment grade short-term securities. In these and
other cases, the fund might not achieve its goal.
The fund may trade securities actively,
which could increase its transaction costs
(thus lowering performance) and increase
your taxable distributions.
